Money supply falls between Jan-Feb

Money supply in the city has fallen by 11 per cent in February from the month prior to some MOP82.1 billion (US$10.2 billion), the Monetary Authority of Macau (AMCM) revealed on Friday.

If considering quasi-monetary liabilities, money supply dropped by 1.7 per cent to MOP687.8 billion in February.

In the same month, resident deposits went down by 1.6 per cent month-to-month to MOP669.4 billion, with non-resident deposits rose 9.8 per cent to MOP264.3 billion.

February also saw domestic loans to the private sector grow slightly by 1.2 per cent from a month ago to MOP526 billion.

Since then the AMCM lowered interest rates two times in March to 0.86 per cent, following decisions by the US Fed.